LUNE DE PRINTEMPS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LUNE DE PRINTEMPS
Largest movements
- Tangible fixed assets +€829,786
up €829,786 (+1,269%), from €65,364 to €895,149
of which Land and buildings: +€858,684
- Cash -€403,226
down €403,226 (-78.6%), from €513,238 to €110,012
mainly Investment in fixed assets (net) (-€934,129) and Contributions, distributions and other (-€60,000)
- Receivables within one year -€19,309
down €19,309 (-52.0%), from €37,128 to €17,819
of which Trade receivables: -€11,193
- Debts after one year +€417,239
new in 2025: €417,239
- Other debts -€38,510
down €38,510 (-23.7%), from €162,550 to €124,040
- Current portion of long-term debt +€14,428
new in 2025: €14,428
- Depreciation +€61,057
up €61,057 (+136%), from €44,886 to €105,943
- Gross operating margin -€52,359
down €52,359 (-12.2%), from €428,362 to €376,004
- Taxes -€26,816
down €26,816 (-59.4%), from €45,143 to €18,328
- Financial charges +€11,039
up €11,039 (+79.6%), from €13,862 to €24,901
- Other operating charges -€8,947
down €8,947 (-60.4%), from €14,801 to €5,854
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €626,384 | €1,030,693 | +€404,310 | +64.5% |
| Formation expenses | 20 | €1,600 | - | -€1,600 | |
| Fixed assets | 21/28 | €65,863 | €895,648 | +€829,786 | +1,260% |
| Tangible fixed assets | 22/27 | €65,364 | €895,149 | +€829,786 | +1,269% |
| Land and buildings | 22 | - | €858,684 | +€858,684 | |
| Plant, machinery and equipment | 23 | €12,166 | €8,056 | -€4,110 | -33.8% |
| Furniture and vehicles | 24 | €16,688 | €2,421 | -€14,267 | -85.5% |
| Other tangible fixed assets | 26 | €36,510 | €25,987 | -€10,523 | -28.8% |
| Financial fixed assets | 28 | €499 | €499 | = | 0.0% |
| Current assets | 29/58 | €558,921 | €135,045 | -€423,876 | -75.8% |
| Stocks and contracts in progress | 3 | €8,555 | €7,214 | -€1,340 | -15.7% |
| Stocks | 30/36 | €8,555 | €7,214 | -€1,340 | -15.7% |
| Amounts receivable within one year | 40/41 | €37,128 | €17,819 | -€19,309 | -52.0% |
| Trade receivables | 40 | €12,271 | €1,079 | -€11,193 | -91.2% |
| Other amounts receivable | 41 | €24,857 | €16,740 | -€8,116 | -32.7% |
| Cash at bank and in hand | 54/58 | €513,238 | €110,012 | -€403,226 | -78.6% |
| Total equity and liabilities | 10/49 | €626,384 | €1,030,693 | +€404,310 | +64.5% |
| Equity | 10/15 | €421,767 | €430,985 | +€9,217 | +2.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €228,000 | €228,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | - | -€8,000 | |
| Reserves not available under the articles | 1311 | €8,000 | - | -€8,000 | |
| Distributable reserves | 133 | €220,000 | €228,000 | +€8,000 | +3.6% |
| Profit (loss) carried forward | 14 | €113,767 | €122,985 | +€9,217 | +8.1% |
| Amounts payable | 17/49 | €204,616 | €599,709 | +€395,093 | +193% |
| Amounts payable after more than one year | 17 | - | €417,239 | +€417,239 | |
| Financial debts | 170/4 | - | €417,239 | +€417,239 | |
| Amounts payable within one year | 42/48 | €204,616 | €182,470 | -€22,146 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | - | €14,428 | +€14,428 | |
| Trade debts | 44 | €14,221 | €10,409 | -€3,812 | -26.8% |
| Suppliers | 440/4 | €14,221 | €10,409 | -€3,812 | -26.8% |
| Taxes, remuneration and social security | 45 | €27,845 | €33,593 | +€5,748 | +20.6% |
| Taxes | 450/3 | €8,187 | €14,770 | +€6,583 | +80.4% |
| Remuneration and social security | 454/9 | €19,658 | €18,823 | -€835 | -4.2% |
| Other amounts payable | 47/48 | €162,550 | €124,040 | -€38,510 | -23.7% |
| Remuneration, social security and pensions | 62 | €161,364 | €154,672 | -€6,692 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,886 | €105,943 | +€61,057 | +136% |
| Other operating charges | 640/8 | €14,801 | €5,854 | -€8,947 | -60.4% |
| Gross operating margin | 9900 | €428,362 | €376,004 | -€52,359 | -12.2% |
| Operating profit (loss) | 9901 | €207,311 | €109,534 | -€97,777 | -47.2% |
| Financial income | 75/76B | €2,899 | €2,912 | +€13 | +0.5% |
| Recurring financial income | 75 | €2,899 | €2,912 | +€13 | +0.5% |
| Financial charges | 65/66B | €13,862 | €24,901 | +€11,039 | +79.6% |
| Recurring financial charges | 65 | €13,862 | €24,901 | +€11,039 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | €196,347 | €87,545 | -€108,802 | -55.4% |
| Income taxes | 67/77 | €45,143 | €18,328 | -€26,816 | -59.4% |
| Profit (loss) for the period | 9904 | €151,204 | €69,217 | -€81,987 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €151,204 | €69,217 | -€81,987 | -54.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.